Poker Site Founder Cops Plea In 9-Year-Old Gambling Case
Law360, New York (March 25, 2020, 7:15 PM EDT) -- PokerStars founder Isai Scheinberg pled guilty in Manhattan federal court Wednesday to running an unlawful internet gambling business, nine years after he was charged and after federal prosecutors forced the Isle of Man website to forfeit $547 million.
Scheinberg, 73, copped to a count of operating an illegal gambling business before Manhattan U.S. Magistrate Judge Sarah L. Cave and faces a maximum five-year sentence. Guidelines in a plea agreement call for a year to 18 months in prison at his as-of-yet unscheduled sentencing, which will be handled by U.S. District Judge Lewis A. Kaplan.
"Scheinberg's guilty plea today shows the passage...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!